Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

THG plans job cuts; Ingenuity division targeted

Published 29/01/2024, 13:05
© Reuters THG plans job cuts; Ingenuity division targeted

Proactive Investors - THG PLC (LON:THG), the e-commerce retailer, is planning to reduce its workforce by approximately 160 employees.

This decision primarily affects marketing, sales, and warehouse positions across the company.

At risk are around 60 marketing and sales staff from the group’s Ingenuity division, which provides clients with e-commerce solutions, and around 100 warehouse workers in Warrington.

It comes after the group finished automating its factories in the UK.

This automation led to several brands moving at the Manchester Icon facility and induced shift pattern changes in Warrington.

“Subject to consultation, The Hut Group is proposing to reduce the number of employees employed in the Omega site. 688 employees will be placed at risk, with our current proposal being that circa 100 employees be made redundant,” an internal email, as reported by the Warrington Guardian, said.

A consultation over the job cuts will run until March.

A THG spokesperson said the move is “in line with its strategic pivot towards larger enterprise clients.”

“Whilst this is regrettable, THG will support all colleagues affected by these changes, including exploring redeployment opportunities across the group where appropriate,” they added.

Earlier this month, THG’s Ingenuity division secured a £175 million contract to work with Holland & Barret, the wellness retailer.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.